Bitcoin crashes below $86K as $400M in leveraged bets collapse
Bitcoin has fallen below $86,000 after failing to push past the $92,000 mark. The drop came as several pressures—from market stress and regulatory warnings to stablecoin concerns—weighed on investor confidence. The decline began when Bitcoin struggled to break through $92,000, triggering a wave of liquidations. Nearly $388 million in leveraged long positions were wiped out, accelerating the sell-off and pushing prices toward $84,000. The combination of failed breakouts, regulatory scrutiny, and market instability led to Bitcoin’s sharp retreat. With nearly $400 million in long positions liquidated, the sell-off highlighted the fragility of leveraged trades in volatile conditions. The cryptocurrency now faces renewed pressure as traders assess the impact of these overlapping risks.
